Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.004%

Price spread now: Pacifica against OKX−0.176%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.176% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2840	0.0106	pay 0.0053% / 4h	59m 05s	$9.8M	$71.1M	10x
Short	Pacifica USELESS	0.2835	0.0100	get 0.0013% / 1h	59m 05s	$30K	$19K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee PacificabpOrdersPrice spread, now −0.176%Rate

Funding earned: −$1.26
Price spread: −0.176% → 0.000%: −$17.61
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$36.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	0.35 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2838	−0.074%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2835	−0.176%	$30K	$19K	3x
KuCoin USELESSUSDTM	+0.0100%	4h	0.2836	−0.151%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2838	−0.074%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2840	−0.014%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2840	+0.011%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2829	−0.380%	$19K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2842	+0.060%	$649K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0106%	4h	0.2840	long leg	$9.8M	$71.1M	10x
Aster USELESSUSDT	+0.0131%	4h	0.2839	−0.048%	$556K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2840	−0.010%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0247%	4h	0.2830	−0.338%	$21K	$198K	10x	as long as short
MEXC USELESS_USDT	+0.0252%	4h	0.2844	+0.127%	$11.9M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0252%	4h	0.2841	+0.041%	$23.6M	$124.8M	50x	as long as short
Extended USELESS-USD	+0.0256%	1h	0.2839	−0.043%	$241K	$896K	5x	as long as short
Bybit USELESSUSDT	+0.0427%	4h	0.2839	−0.032%	$26.7M	$49.5M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0441%	1h	0.2829	−0.387%	$52K	$702K	25x	as long as short
BingX USELESS-USDT	+0.0458%	4h	0.2839	−0.039%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0534%	4h	0.2827	−0.473%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0566%	4h	0.2833	−0.250%	$7.1M	$8.6M	50x	as long as short
Hyperliquid USELESS	+0.0615%	1h	0.2841	+0.045%	$12.4M	$23.5M	3x	as long as short
BloFin USELESS-USDT	+0.0667%	4h	0.2841	+0.021%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0948%	4h	0.2836	−0.130%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+5.581%	$5K	$11K	5.5x	as long as short